Mandatory Prepayment Notice definition

Mandatory Prepayment Notice means a notice delivered in accordance with Section 2.05 and substantially in the form of Exhibit L.

Mandatory Prepayment Notice means a written notice substantially in the form of the notice attached hereto as Exhibit B and incorporated herein by this reference.

Mandatory Prepayment Notice has the meaning specified in Section 2.05(a).

Examples of Mandatory Prepayment Notice in a sentence

• The Company or such Subsidiary, as applicable, shall deliver a written notice thereof within three (3) Business Days prior to the occurrence of such Mandatory Prepayment Event by confirmed facsimile and overnight courier to all, but not less than all, of the holders of the Notes (the "Mandatory Prepayment Notice" and the date such notice is delivered to all the holders is referred to as the "Mandatory Prepayment Notice Date").

• Notwithstanding the foregoing, each Collateral Shortfall Notice, Borrowing Request, Voluntary Prepayment Notice, Mandatory Prepayment Notice, PIK Interest Election Notice, and any notice delivered pursuant to Section 2.09(e) and any notice of termination or reduction of Commitments may be delivered electronically.

• Subject to the provisions of Section 2.05(b), the Commitments of each Lender shall automatically and permanently be reduced to zero upon the delivery of a Mandatory Prepayment Notice.

• Except as provided in this section, the annual lease payments shall be made by Lessee to City at the start of each year of the term, with the first payment due on June , 2024.

• Subject to Section 2.05, the Commitments of each Lender shall automatically and permanently be reduced to zero upon the delivery of a Mandatory Prepayment Notice.

More Definitions of Mandatory Prepayment Notice

Mandatory Prepayment Notice means a notice referred to in clause 27 requiring the Borrower to repay to the Corporation the outstanding Advances specified in the notice, or terminating any specified Forward Lendings, on the Designated Date specified in the notice.

Mandatory Prepayment Notice. A notice to the Borrower from DOE stating that a Mandatory Prepayment Event has occurred and is continuing and that a mandatory prepayment of the DOE Guaranteed Loan in accordance with Section 3.3.3(d) and (e) is required.

Mandatory Prepayment Notice shall have the meaning ascribed to such term in Section 3.2(c).

Mandatory Prepayment Notice has the meaning given to such term in paragraph (b) of Clause 7.2 (Mandatory Prepayment Events);

Mandatory Prepayment Notice means a notice delivered in accordance withSection 2.05 and substantially in the form of Exhibit L.

Mandatory Prepayment Notice means a notice delivered in accordance with S ection 2.05 and substantially in the form of E xhibit L.

Mandatory Prepayment Notice has the meaning specified in Section 2.4(b). “Material” means material in relation to the business, operations, affairs, financial condition, assets, properties or prospects of the Borrower and its Subsidiaries, taken as a whole. “Material Adverse Effect” means a material adverse effect on (i) the business, operations, assets, liabilities (actual or contingent) or financial condition of the Borrower and its Subsidiaries, taken as a whole, (ii) the ability of the Loan Parties (taken as a whole) to fully and timely perform their obligations under this Agreement, and the other Loan Documents or (iii) the material rights and remedies available to the Lenders and the Administrative Agent, taken as a whole under the Loan Documents. “Material Asset Sale” means any one or more Asset Sales comprising a disposition of properties or assets constituting more than 20% of the consolidated Projects of the Borrower and its Subsidiaries (measured by MW capacity) in any consecutive 12 month period. “Material Indebtedness” means, with respect to any Loan Party and its Subsidiaries and at the time of determination, all obligations for borrowed money (excluding any Indebtedness under undrawn letters of credit and performance bonds) of such Loan Party and its Subsidiaries (i) under the APAG Facility, (ii) under the APAF Facility, (iii) under the APAFII Facility, (iv) under the APAFIII Facility, (v) under the Omnibus Facility, or (vi) under any other facility in an aggregate principal amount exceeding the greater of (a) $10,000,000 and (b) the lesser of (x) the amount equal to 30% of APAG Borrower Available Cash for the most recent Measurement Period and (y) $25,000,000. “Material Project Document” means, with respect to each Project, the EPC agreement, asset management agreement, interconnection agreement, the site lease agreements, O&M agreement, development services agreement, the applicable tax equity documents, any customer management agreements, power purchase agreements, tariffs or other offtake agreements, and SREC agreements, as applicable to such Project and any replacements of or parent or performance guarantees for such documents. “Material Property Loss Event” means any one or more Property Loss Events comprising loss, damage, taking, or condemnation of properties or assets constituting more than 20% of the consolidated Projects of the Borrower and its Subsidiaries (measured by MW capacity) in any consecutive 12 month period. “Material Subsidiary” means, at any date...